BigPanda, Inc., a San Francisco, CA-based leader in AIOps Event Correlation and Automation, raised a $190 million funding round was led by Advent International, through its dedicated technology fund, and New York-based global venture capital and private equity firm Insight Partners, with participation by other existing investors.
This funding will enable BigPanda to continue to innovate on its best-in-class AIOps capabilities, by increasing the size of its machine learning, product, and R&D teams, as well as making strategic acquisitions.
The funding will also be used to scale BigPanda’s go-to-market activities, by building out its sales, marketing, customer success, and partnership teams.
Eric Noeth, partner at Advent, will join BigPanda’s board of directors, and Sanjay Poonen, formerly President of SAP and COO of VMware, will join as a strategic advisor.
Company: BigPanda, Inc.
Raised: $190.0M
Round: Series D
Funding Month: January 2022
Lead Investors: Advent International and Insight Partners
Additional Investors:
Company Website: https://www.bigpanda.io/
Software Category: AIOps Event Correlation and Automation platform
About the Company: BigPanda is the only Event Correlation and Automation platform built for domain-agnostic AIOps, BigPanda keeps businesses running with AIOps that transform IT data into insight and action. With BigPanda’s AIOps platform, businesses prevent IT outages, improve incident management and deliver extraordinary customer experiences. Without BigPanda, IT Ops, NOC, and DevOps teams struggle with a tsunami of data and the highly manual, reactive scale, complexity, and velocity of modern IT environments. This results in painful outages, unhappy customers, a growing IT headcount, and the inability to focus on innovation. BigPanda’s AIOps Event Correlation and Automation platform help Fortune 500 enterprises such as Intel, Cisco, United, Abbott, Marriott, and Expedia take a giant step towards Autonomous IT Operations.
Source: https://www.bigpanda.io/press-release/190million-funding-leader-of-aiops/